EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower

July 30, 2024

Shimano Inc. is reporting that the pace of global economic recovery was moderate during the first half of fiscal year despite some factors that continued to exert downward pressure on the current economic climate, including tight monetary policies adopted mainly in Europe and the U.S., geopolitical risks caused by rising tensions in Ukraine and the Middle East, and a stagnant Chinese economy. SGB